[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1d2bh634wxf4b":3,"$ffeh0925h8cuz":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":30,"next":36},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":28,"updatedAt":29},3998,"why-pre-approval-is-an-important-step-for-todays-homebuyers","Why Pre-Approval Is an Important Step for Today’s Homebuyers","Being intentional and competitive are musts when \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F16\u002Fare-you-wondering-if-this-is-the-year-to-buy-a-home\u002F\">buying a home\u003C\u002Fa> this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of \u003Cem>The Mortgage Reports\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fthemortgagereports.com\u002F88315\u002Fhow-to-start-the-process-of-buying-a-house\">explains\u003C\u002Fa>:","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F04\u002F15135536\u002F20220419-KCM-Share.jpg","Being intentional and competitive are musts when \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F16\u002Fare-you-wondering-if-this-is-the-year-to-buy-a-home\u002F\">buying a home\u003C\u002Fa> this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of \u003Cem>The Mortgage Reports\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fthemortgagereports.com\u002F88315\u002Fhow-to-start-the-process-of-buying-a-house\">explains\u003C\u002Fa>:\u003C!--more-->\r\n\u003Cblockquote>\u003Cem>“The lender will check out your personal finances and issue you a letter confirming the amount you’re eligible to borrow. This not only gives you a firm budget for house hunting, \u003Cstrong>but also lets sellers know you’re qualified to make an offer\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nWhy does that matter so much today? There are many more buyers looking for homes today than there are homes available for sale, and that’s creating some serious \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F04\u002Fsupply-and-demand-in-todays-market-infographic\u002F\">competition\u003C\u002Fa>. According to the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR), the average home is getting \u003Ca href=\"https:\u002F\u002Fcdn.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002F2022-02-realtors-confidence-index-03-18-2022.pdf\">4.8 offers\u003C\u002Fa> per sale. As a result, \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F10\u002Fhow-to-navigate-a-market-where-multiple-offers-is-the-new-normal\u002F\">bidding wars\u003C\u002Fa> are still common.\r\n\r\nYour pre-approval gives you a leg up in these situations. That’s because you know exactly what you’re approved to borrow before you write your offer, and it lets the seller know you’re qualified to buy their home. This helps both you and the seller feel confident in what you’re bringing to the table. And that puts you in a better position to potentially win a bidding war.\r\n\r\nAs Warden puts it:\r\n\u003Cblockquote>\u003Cem>“There’s another important reason to get preapproved, too. And that’s because there are way more buyers than homes in today’s market — which means you need to be ultra-prepared if you want to win a bidding war. \u003Cstrong>Most sellers are getting multiple offers right now. And most won’t even entertain an offer without a preapproval letter included\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nEvery advantage you can gain as a buyer is crucial in a market that’s constantly changing. \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F30\u002Fwhats-happening-with-mortgage-rates-and-where-will-they-go-from-here\u002F\">Mortgage rates\u003C\u002Fa> are rising, \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F03\u002Fare-home-prices-continuing-to-rise\u002F\">home prices\u003C\u002Fa> are going up, and lending institutions are regularly updating their standards. You’re going to need \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F03\u002F01\u002Fan-expert-advisor-will-give-you-the-best-advice-in-todays-market\u002F\">guidance\u003C\u002Fa> to navigate these waters, so it’s important to have a team of professionals, such as a loan officer and a trusted real estate advisor, on your side. They’ll help make sure you’re ready to put your best foot forward.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nGetting pre-approved for a mortgage helps you better understand what you can afford and signals to sellers you’re serious about purchasing their home. Let’s connect so you have the tools you need to succeed as a homebuyer in today’s market.","\r\nGetting pre-approved for a mortgage helps you better understand what you can afford and signals to sellers you’re serious about purchasing their home. Let’s connect so you have the tools you need to succeed as a homebuyer in today’s market.",false,[16,20,24],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers",{"id":25,"name":26,"slug":27},38,"Move-Up","move-up","2022-04-19T10:00:05Z","2022-11-16T17:28:48Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":14},3996,"is-it-time-to-buy-a-smaller-home","Is It Time To Buy a Smaller Home?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F04\u002F14140603\u002F20220418-KCM-Share.jpg","2022-04-18T10:00:40Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":14},3999,"how-to-approach-rising-mortgage-rates-as-a-buyer","How To Approach Rising Mortgage Rates as a Buyer","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F04\u002F18153316\u002F20220420-KCM-Share.jpg","2022-04-20T10:00:55Z",{"cover":43,"open":44,"shareSpread":45},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[47,51,52,56,60,64,68,69,73,77,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":48,"name":49,"slug":50},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},6,"For Sellers","sellers",{"id":57,"name":58,"slug":59},7,"Foreclosures","foreclosures",{"id":61,"name":62,"slug":63},8,"Infographics","infographics",{"id":65,"name":66,"slug":67},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":25,"name":26,"slug":27},{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]